Insights

Friday's report showed that the number of non-farm employment in the United States increased by 256,000 in December last year, greatly exceeding the expected 160,000, with slight downward adjustments to the data for the previous two months. The acceleration of employment in December last year and the unexpected decline in the unemployment rate marked the end of another year of resilience in the labor market, but also supported the rationale for the Federal Reserve to slow down its interest rate cuts. $ETH has once again entered a weak phase, falling below 3300 and struggling to recover. The rebound is too weak and there is no significant volume. It rebounded twice to the 3320 level yesterday but was unable to hold , indicating excessive fluctuations in the weekend market. The bottom support remains bullish, focusing on a rebound around 3200. On the upside, attention should be paid to whether it can stabilize or break through 3550 before considering a short position. There is also room for continuation if a breakthrough occurs!